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REFURBISHED AND RENOWNED VILLAGE INN & RESTAURANT WITH LETTING BEDROOM SITUATED WITHIN LLANTWIT FARDRE, PONTYPRIDD BEING OFFERED FREEHOLD OR ‘FREE OF TIE’ LEASE

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  • Prominent roadside position within the heart of Llantwit Fardre, a large village close to Pontypridd.
  • Spacious Lounge Bar/Dining Area (circa 50) offering carpeted flooring, large bar servery area, log burning fireplace and quality furnishings.
  • Restaurant/Function Room (circa 40) a multi-use room benefitting from wood floors.
  • Games Room (circa 16).
  • Excellent 3 Bedroom Living Accommodation along with a Self Contained Letting Studio Flat.
  • Car Park & Commercial Catering Kitchen.
  • Patio Terrace Area for 30 customers.
  • We are advised turnover for y/e 07/18 is £420,828 (inc VAT) with a trade split of 70% wet and 30% dry.
  • Freehold or Lucrative ‘Free of Tie’ Lease with an Option to Purchase if required.
RECENTLY REFURBISHED FREEHOLD INN ALSO OFFERED ON A ‘FREE OF TIE’ LEASE AGREEMENT WITH AN OPTION TO PURCHASE


ASKING PRICE £399,950 FREEHOLD or £29,950 LEASEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V.

Location

This recently refurbished Village Inn and Restaurant has a prominent roadside position within the large village of Llantwit Fardre, Rhondda Cynon Taf.

The village is situated on the A473, Pontypridd to Bridgend road, near the Welsh towns of Pontypridd and Llantrisant.

This busy and large village offers two primary schools and a good selection of local amenities.

The M4 motorway is a short drive away offering excellent road links to both Cardiff and Swansea.

THE PROPERTY

This recently refurbished Freehold/’Free of Tie’ Village Inn & Restaurant is built of local stone construction, under a tiled roof, occupying a roadside position within the village.

The Lounge Bar/Dining Area (circa 50) is a spacious room that benefits from carpeted flooring, log burning fireplace, large bar servery area and quality furnishings.

The Restaurant/Function Room (circa 40) is an excellent multi-purpose room that offers wood flooring and is used as an overflow restaurant area along with an excellent facility for parties, functions etc.

The Games Room (circa 16) offers carpeted flooring, pool table and darts throw.

Ladies and Gents W.C.s.

There is an equipped Commercial Catering Kitchen with stainless steel appliances and work surfaces (appliances not tested) along with a separate wash up area.

There is a Ground Floor Cellar with python and cooler systems.

OWNERS ACCOMMODATION

The Owners Accommodation is located on the 1st Floor and consists of Two Double Bedrooms, Single Bedroom, Lounge, Fully Fitted Kitchen-Diner, Bathroom, W.C and Utility. This area has been refurbished to a good standard.

LETTING ACCOMMODATION

On the 1st Floor is a Double En-Suite Room that offers its own entrance.

EXTERNAL

To the rear of the property is a Patio Terrace Area for 30 customers along with a Smoking Shelter.

Also, to the rear is a Car Park for 20 cars.

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

7 days per week 10am - Midnight

Current opening hours are:

Mon – Sat 3pm – 11.30pm

Sunday 7pm – 11pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The business is offered for sale as a freehold (although we have not had sight of the title deeds) or as a new highly favourable 10 year Private FRI Lease Agreement as follows:

1. The asking premium will be £29,950.

2. The initial rent will be £25,000.

3. The annual rent is simply RPI linked to inflation every 3 years, hence no market rent reviews.

4. Rent payable monthly in advance.

5. Deposit equivalent of 3 month’s rent.

6. Lease assignable after initial 2 year period.

7. Free of all brewery and supply ties.

8. Each party responsible for own legal fees relating to the transaction.

9. We are advised that our vendor client would be agreeable to insert an ‘Option to Purchase’ clause within the lease agreement, to enable the lessee to subsequently purchase the freehold element at a price to be mutually agreed.

We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium – subject to the provision of the Landlord & Tenant Act 1954. We are advised that the inn benefits from all mains services and is heated by gas central heating. (no services seen or tested). Business rates are advised as currently being £8,500 payable per annum.

THE BUSINESS

The current owners purchased the property in 2007 and after running it themselves for six years offered the property to lease.

Our vendors have come back into the business to give the property a refurbishment and it is now available either freehold or leasehold. The business has had a good reputation over the last 12 years and a new operator will be able to take the benefit from this as well as putting their own stamp on it.

We are advised turnover for y/e 07/18 is £420,828 (inc VAT) with a trade split of 70% wet & 30% dry.

This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.

Viewing appointments must be made by contacting Guy Simmonds on 01332 865112.

Details Prepared: August 2019

ADDITIONAL IMAGES

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